c-crypto-member

are stablecoins as the future of crypto a bad thing?

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the current stablecoin marketcap is $237.49B

not a huge part of the crypto as a whole YET, but i foresee it being the main way people interact and use it as time goes on

the question is - is it a potential contagion considering how centralized all stables are?

or does present adoption outweigh future centralization risk?



Community strategy at @offchainlabs,  contributing to /arbitrum

1. Decentralized stablecoins (such as DAI, Frax, or USDe) need to grow and mature. But they are still at risk of depeg and are not scalable enough.

2. Diversification of stablecoins in DeFi protocols should be the norm.
3. Having an open regulatory layer, such as CBDC-based stablecoins or transparent regulation, can build trust without stifling innovation.